Nov (NOV) Cost of Revenue (2009 - 2026)

Nov (NOV) reported Cost of Revenue of $1.7 billion for Q1 2026, up 1.03% on a YoY basis from $1.7 billion in Q1 2025, and down 18.51% sequentially from $2.1 billion in Q4 2025.

Nov (NOV) Cost of Revenue (2009 - 2026) Analysis & Trends

Nov (NOV) has 18 years of Cost of Revenue data on file, last reported at $1.7 billion in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 1.03% year-over-year to $1.7 billion; the trailing twelve-month figure through Mar 2026 stood at $7.1 billion (up 6.25% YoY), and the FY2025 full-year result was $7.0 billion, up 6.63% from the prior year.
  • Cost of Revenue fell to $1.7 billion in Q1 2026, from $2.1 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $2.1 billion in Q4 2025 to a low of $1.3 billion in Q1 2022.
  • A 5-year average of $1.7 billion and a median of $1.7 billion in 2025 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue soared 31.57% in 2022 and dropped 6.12% in 2024, its largest moves.
  • Tracing NOV's Cost of Revenue over 5 years: stood at $1.6 billion in 2022, then increased by 13.25% to $1.8 billion in 2023, then dropped by 6.12% to $1.7 billion in 2024, then gained by 18.47% to $2.1 billion in 2025, then decreased by 18.51% to $1.7 billion in 2026.
  • Business Quant data shows NOV's Cost of Revenue at $1.7 billion in Q1 2026, $2.1 billion in Q4 2025, and $1.7 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Slb 78.08 Bn 74.69 Bn 5.38 Bn 3.34 Bn
2 Tenaris 58.18 Bn 46.31 Bn 1.05 Bn 2.05 Bn
3 TechnipFMC 30.64 Bn 29.36 Bn 1.64 Bn 855.20 Mn
4 Halliburton 27.87 Bn 25.86 Bn 2.04 Bn 3.37 Bn
5 Nov 7.48 Bn 6.14 Bn 379.00 Mn 1.67 Bn
6 Weatherford International 6.35 Bn 5.21 Bn 776.00 Mn 329.00 Mn
7 Archrock 6.34 Bn 6.34 Bn 247.42 Mn 126.34 Mn
8 Oceaneering International 5.28 Bn 4.67 Bn 127.27 Mn 565.16 Mn
9 Kodiak Gas Services 5.09 Bn 4.99 Bn 222.88 Mn 122.88 Mn
10 Tidewater 3.87 Bn 3.32 Bn 160.04 Mn 166.19 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.67 Bn
Mar 31, 2026 1.67 Bn
Dec 31, 2025 2.05 Bn
Dec 31, 2025 2.05 Bn
Sep 30, 2025 1.68 Bn
Sep 30, 2025 1.68 Bn
Jun 30, 2025 1.66 Bn
Jun 30, 2025 1.66 Bn
Mar 31, 2025 1.66 Bn
Mar 31, 2025 1.66 Bn
Dec 31, 2024 1.73 Bn
Dec 31, 2024 1.73 Bn
Sep 30, 2024 1.72 Bn
Sep 30, 2024 1.72 Bn
Jun 30, 2024 1.55 Bn
Jun 30, 2024 1.55 Bn
Mar 31, 2024 1.70 Bn
Mar 31, 2024 1.70 Bn
Dec 31, 2023 1.85 Bn
Dec 31, 2023 1.85 Bn